The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Siddharth G. Mehra, a promoter of Savita Oil Technologies, has filed a prior intimation to acquire 3,33,330 equity shares (0.49% of share capital) from the Siddarth Mehra Trust pursuant to its dissolution. Siddharth Mehra is the sole beneficiary of the trust, so no consideration is payable for this transfer. The proposed acquisition date is on or after 15th June 2026. This is classified as an inter-se transfer among promoters under Regulation 10(1)(a)(ii), exempting the acquirer from making an open offer. Siddharth G. Mehra's personal holding will rise from 93,415 shares (0.14%) to 4,26,745 shares (0.63%), while total promoter and promoter group shareholding remains unchanged at 68.93%.
This is a neutral internal restructuring event with no change in overall promoter control or cash outflow. Shareholders should note that no open offer will be triggered, and the effective promoter grip on the company stays exactly the same. Stock price is unlikely to be materially affected as it is simply a reorganisation within the promoter family.